Overview

• Cameron and Tyler Winklevoss contributed an undisclosed amount of Bitcoin in an oversubscribed $220 million private placement for American Bitcoin Corp.
• The firm is moving toward a Nasdaq debut through an all-stock merger with Gryphon Digital Mining, a deal expected to close by early September.
• American Bitcoin Corp has paired its low-cost mining operations with roughly $2 billion in Bitcoin reserves to build long-term value.
• Hut 8 Corp holds an 80 percent stake in the venture following its U.S. asset merger, while Eric Trump and Donald Trump Jr. together own the remaining 20 percent.
• The twins’ Bitcoin investment deepens their business and political ties to the Trump family and highlights growing alliances in the U.S. crypto sector.